Location: Aroostook County, ME | Metro: Aroostook County, ME
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The ZIP code 04758 in Tennessee is notable for its relatively low population density, with only 1,405 residents. This area stands out due to its rental rate of 29.1%, which is slightly above the national average, indicating a significant portion of the local housing market is dedicated to renters. The median income here is $65,156, providing a solid economic foundation for both homeowners and renters. With a median home value of $133,000, it's clear that property ownership is accessible and affordable in this region.
The economic dynamics of the rental market in ZIP 04758 are further highlighted by the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR for the metro area is set at $1,130, whereas the Census ACS data indicates a market rent of just $488. This suggests that landlords participating in the Section 8 program can potentially receive higher rents through vouchers compared to the typical market rates. However, the decision to participate should be weighed against the administrative complexities and potential challenges of dealing with the government program.
The data signature for ZIP 04758 reads as stable, with a consistent median income and home values that suggest a steady economy. The high rental rate combined with the favorable voucher economics could make this ZIP code an attractive investment opportunity for landlords and small-portfolio investors looking to capitalize on the federal assistance program while serving a community with demonstrated need for affordable housing options.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.